Slide 1: Results presentation Q2 2025
Results presentation Q2 2025
Slide 2: Q2 2025 in summary
Q2 2025 in summary Continued strong organic growth and high degree of innovation EBITDA margin was 25.0% (26.9), EBITA margin was 15.9% (17.9) and EBIT margin was 14.2% (15.8) Strengthened market positions. Strengthened EBITDA margin in three of four countries. Strengthened gross margin in t
Slide 3: Q2 overview
Q2 overview Q2 Net sales increased to 1 841 MSEK (1 723), an Net Sales increase of 6.9% MSEK 1 841 Gross margin amounted to 73.1% (74.3) Q2 Gross margin 73.1% Organic growth was 9.1% and growth like-for-like was 5.6% Q2 Organic growth +9.1% EBITDA increased to 470 MSEK (469) Q2 EBITDA EBIT
Slide 4: Strong results in Sweden, Norway and Finland. Denmark is still affected
Strong results in Sweden, Norway and Finland. Denmark is still affected by the Danish Credit Agreement Act. 1 Organic growth Q2 Like for like Q2 EBITDA Q2 +10.9% +8.6% 276 MSEK (241) SWEDEN 2 Organic growth Q2 Like for like Q2 EBITDA Q2 DENMARK -3.9% -6.4% 63 MSEK (89) 132 268 72 Stores Stores Store
Slide 5: New stores – profitability is achieved quickly
New stores – profitability is achieved quickly Rolling 12-months actuals (MSEK) – selected stores Store Opening/Upgrade month Sales EBITDA* Comment Store Opening/Upgrade month Sales EBITDA* Comment Synsam Norrmalmstorg 2019-03 75 29 Profil Optik Roskilde** 2022-12 12 3 B I Synsam Hötorget** 2021-12
Slide 6: Net sales cash - good development +5.4%
Net sales cash - good development +5.4% Good development in net sales cash*, which amounted to 3 154 MSEK LTM Q2 2025. In the quarter, net sales amounted to 894 MSEK (848), an increase of 5.4%. Net sales cash (MSEK) 3154 3024 2897 2663 2533 2411 2251 2019 2020 2021 2022 2023 2024 LTM Q2 2025 Q2 20
Slide 7: The share of renewals is increasing in Synsam Lifestyle
The share of renewals is increasing in Synsam Lifestyle Synsam Lifestyle sales Churn and customer growth remains stable 1% 1% 1% 0% 1% 1% 1% 1% 0% 0% 0% 1% Churn 3% 3% 2% 2% 3% 2% 2% 2% 2,84% 2,91% 54% 54% 54% 53% 53% 50% 2% 2% 2,51% 2,60% 2,69% 2,20% 2,12% 2,17% 2,11% 2,17% 2,28% 2,33% 47% 44% 42%
Slide 8: Successful implementation of Synsam EyeView
Successful implementation of Synsam EyeView Of the total eye examinations* during the quarter, 14% were carried out using Synsam EyeView in Sweden, and 20% were carried out using Synsam EyeView in Norway Share of Synsam EyeView examinations Q2 2025 Total number of eye examinations: Total number of
Slide 9: Financial development
FINANCIAL DEVELOPMENT &) s¥NSAM GROUP
Slide 10: Long term financial development – strong trend
Long term financial development – strong trend Net sales development Adjusted EBITDA, adjusted EBITA and EBIT 2 000 development +23% Average +13% +12% 26,0% annual +9% +9%* 1 800 26,0% 26,9% growth 23,5% rate: +11% 24,6% 24,5% 6 740 24,1% 1 600 +2% 6 435 22,8% 9% 1 595 1 612 5 905 1 400 20,0% 1 440
Slide 11: Strong cash flow in the quarter
Strong cash flow in the quarter Cash flow from operating activities before changes in Cash flow from operating activities before changes in working capital working capital increased to 401 MSEK (375) in the 1243 1146 second quarter 375 401 Cash flow from operating activities amounted to 413 MSEK
Slide 12: Summary
SUMMARY &) s¥NSAM GROUP
Slide 13: Summary – Strong results in Sweden, Norway and Finland
Summary – Strong results in Sweden, Norway and Finland Organic growth and EBITDA margin in line with our financial targets (9.1% and 25.0% respectively) Strengthened market positions. Strengthened EBITDA margin in three of four countries. Strengthened gross margin in three of four countries
Slide 14: www.synsam.com
www.synsam.com